Macroeconomic System for Climate Change
Enables a sovereign government to spend whatever fiat currency is necessary to enable and assist its collective society to mitigate and adapt to climate change.
Enables a sovereign government to spend whatever fiat currency is necessary to enable and assist its collective society to mitigate and adapt to climate change.
What I am going to imagine here is an argument that a progressive politician (for example, someone associated with a new Biden administration) could make in support of direct government spending to address a serious challenge to our collective well-being. By “direct” government spending I imply spending which is not “paid for” by garnering either …
Modern fiat money, once it becomes a “visible reality” for more and more people, can’t help but become a force for positive change in our political discourse and collective future.
Ayn Rand might be dead wrong, but that hasn’t stopped her ideas from having a profound effect in Congress.
When poor countries fall prey to inflation, it’s not because they’re “too socialist.” The rising popularity of modern monetary theory (MMT) has inevitably brought misconceptions.
Progressives seem to genuinely wonder why mainstream Americans would object to these proposals. Why would American voters be put off by proposals they’d obviously gain so much real””and in many cases personal””benefit from?
While the Market Economy system causes truly wondrous and useful things to be made available to American consumers, there are certain things it fails to provide.
Not “believing in” the insights coming from the MMT lens is denying the institutional reality of how money is created and operationalized.